The U.S. Small Business Administration announced this weekend that it will discontinue issuing advances, or small grants, through the Economic Injury Disaster Loan (EIDL) Advance program. The program provided U.S. small businesses, non-profits and agricultural businesses a total of $20 billion in emergency funding. Loan applications will continue to be […]
Tag: EIDL
Applying for the PPP? Here’s some advice from the front lines
Roberto Castellon is a consultant at Florida SBDC at FIU who has been helping about 80+ small businesses hurt by the COVID-19 crisis apply for forgivable loans through the government’s Paycheck Protection Program over the past three weeks. That includes fielding the small business owners’ questions nonstop and learning about […]
Second chance at PPP funding likely to open Monday and it won’t last long
As the coronavirus crisis has continued to wallop small businesses, small business owners now have a second chance at getting a loan that could help them keep their companies afloat and pay their employees. After Congress approved it, President Trump signed into law a relief package today that includes a […]